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Side-by-side financial comparison of Eversource Energy (ES) and PAN AMERICAN SILVER CORP (PAAS). Click either name above to swap in a different company.

Eversource Energy is the larger business by last-quarter revenue ($3.4B vs $2.8B, roughly 1.2× PAN AMERICAN SILVER CORP).

Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Springfield, Massachusetts with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

ES vs PAAS — Head-to-Head

Bigger by revenue
ES
ES
1.2× larger
ES
$3.4B
$2.8B
PAAS

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
ES
ES
PAAS
PAAS
Revenue
$3.4B
$2.8B
Net Profit
$423.2M
Gross Margin
27.0%
Operating Margin
21.1%
Net Margin
12.6%
Revenue YoY
13.4%
Net Profit YoY
468.8%
EPS (diluted)
$1.11
$-1.05

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ES
ES
PAAS
PAAS
Q4 25
$3.4B
Q3 25
$3.2B
Q2 25
$2.8B
Q1 25
$4.1B
Q4 24
$3.0B
Q3 24
$3.1B
Q2 24
$2.5B
Q1 24
$3.3B
Net Profit
ES
ES
PAAS
PAAS
Q4 25
$423.2M
Q3 25
$369.4M
Q2 25
$354.6M
Q1 25
$552.7M
Q4 24
$74.4M
Q3 24
$-116.2M
Q2 24
$337.2M
Q1 24
$523.7M
Operating Margin
ES
ES
PAAS
PAAS
Q4 25
21.1%
Q3 25
21.4%
Q2 25
23.4%
Q1 25
22.5%
Q4 24
11.7%
Q3 24
20.0%
Q2 24
23.8%
Q1 24
25.4%
Net Margin
ES
ES
PAAS
PAAS
Q4 25
12.6%
Q3 25
11.5%
Q2 25
12.5%
Q1 25
13.4%
Q4 24
2.5%
Q3 24
-3.8%
Q2 24
13.3%
Q1 24
15.7%
EPS (diluted)
ES
ES
PAAS
PAAS
Q4 25
$1.11
Q3 25
$0.99
Q2 25
$0.96
Q1 25
$1.50
Q4 24
$0.16
Q3 24
$-0.33
Q2 24
$0.95
Q1 24
$1.49

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ES
ES
PAAS
PAAS
Cash + ST InvestmentsLiquidity on hand
$135.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$16.2B
Total Assets
$63.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ES
ES
PAAS
PAAS
Q4 25
$135.4M
Q3 25
$259.3M
Q2 25
$343.7M
Q1 25
$111.4M
Q4 24
$26.7M
Q3 24
$97.9M
Q2 24
Q1 24
Stockholders' Equity
ES
ES
PAAS
PAAS
Q4 25
$16.2B
Q3 25
$16.0B
Q2 25
$15.7B
Q1 25
$15.3B
Q4 24
$15.0B
Q3 24
$15.0B
Q2 24
$14.8B
Q1 24
$14.5B
Total Assets
ES
ES
PAAS
PAAS
Q4 25
$63.8B
Q3 25
$61.7B
Q2 25
$61.0B
Q1 25
$60.2B
Q4 24
$59.6B
Q3 24
$58.6B
Q2 24
$58.4B
Q1 24
$57.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ES
ES
PAAS
PAAS
Operating Cash FlowLast quarter
$916.1M
Free Cash FlowOCF − Capex
$-67.3M
FCF MarginFCF / Revenue
-2.0%
Capex IntensityCapex / Revenue
29.2%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$-45.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ES
ES
PAAS
PAAS
Q4 25
$916.1M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$642.1M
Q3 24
$555.6M
Q2 24
$670.7M
Q1 24
$291.3M
Free Cash Flow
ES
ES
PAAS
PAAS
Q4 25
$-67.3M
Q3 25
$-26.3M
Q2 25
$15.3M
Q1 25
$33.2M
Q4 24
$-546.5M
Q3 24
$-515.4M
Q2 24
$-400.8M
Q1 24
$-858.1M
FCF Margin
ES
ES
PAAS
PAAS
Q4 25
-2.0%
Q3 25
-0.8%
Q2 25
0.5%
Q1 25
0.8%
Q4 24
-18.4%
Q3 24
-16.8%
Q2 24
-15.8%
Q1 24
-25.7%
Capex Intensity
ES
ES
PAAS
PAAS
Q4 25
29.2%
Q3 25
35.0%
Q2 25
36.7%
Q1 25
24.5%
Q4 24
40.0%
Q3 24
35.0%
Q2 24
42.3%
Q1 24
34.5%
Cash Conversion
ES
ES
PAAS
PAAS
Q4 25
2.16×
Q3 25
2.98×
Q2 25
2.98×
Q1 25
1.88×
Q4 24
8.63×
Q3 24
Q2 24
1.99×
Q1 24
0.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ES
ES

Residential$1.2B35%
Commercial$789.0M23%
Eversource Electric Transmission$573.8M17%
Wholesale Transmission Revenue$570.0M17%
Industrial$102.6M3%
Water Distribution Segment$58.4M2%
Eversource Water$56.3M2%
Other Revenue Adjustmentsfrom Contractswith Customers$25.9M1%

PAAS
PAAS

Segment breakdown not available.

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